EC-071
Expenses
what is the money that a business spends
Skill to understand various work processes, and know how to use the specialized tools required
what is Technical skills
explanation of the responsibilities and tasks associated with a specific job
what is a Job description
thing that allows customers greater access to the business
what is Technology
rivalry between two or more businesses to attract scarce customer dollars
what is Competition
Human resources
what is people who work to produce goods and services
Skill to communicate, interact, and build relationships
what is Interpersonal skills
an explanation of the skills, knowledge, and characteristics required for the job
what is a Job specification
all of a business’s processes and activities should be approached with customers in mind
what is Business processes
something that is limited
what is Scarce / Scarcity
Profit
what is a monetary reward
skill to understand how the organization fits into its environment and ability to see the “big picture”
what is Conceptual skills
involves giving the employee a tour of the facilities and making introductions
what is Orientation
things like offices, desks, chairs, manufacturing equipment
what is Business environment
a type of market structure in which a market is controlled by one supplier
what is a Monopoly
Angel Investor
what is someone who provides startup money to a new business
facts, statistics, and opinions
what is Information
part of staffing that involves seeking out and attracting qualified potential employees
what is Recruiting
the most important factor in a business’s customer relations
what is People
type of market, or environment, in which businesses operate
what is Market structure
Merger
what is 2 businesses combining into 1
equipment and supplies that businesses need to produce and/or sell their products
what is Material resources
discussions with employees who are leaving that are designed to gain feedback for the business
what is Exit interviews
who or what businesses focus on building positive relations with
what is Target markets
illegal agreement requiring a customer to buy other products in order to obtain desired goods and services
what is a Tying agreement